BPSR Hails NIMASA’s Commitment to Innovation and Public Service Transformation The Bureau of Public Service Reforms (BPSR) praised the Nigerian Maritime Administration and Safety Agency (NIMASA) for its progressive institutional reforms. The commendation was shared in a statement issued by NIMASA’s Head of Public Relations, Osagie Edward. During a two-day sensitisation workshop held in Lagos,…
Oil Price Slump Delays Nigeria’s $5 Billion Loan Deal with Aramco Nigeria’s efforts to secure a $5 billion oil-backed loan from Saudi Arabia’s Aramco have hit a delay due to falling crude oil prices, according to four sources familiar with the matter. This loan, which would be the country’s largest of its kind and Saudi…
Africa Needs Over $100 Billion Annually for Climate Adaptation – SEC Chief The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Emomotimi Agama, says Africa faces an urgent climate adaptation funding gap of over $100 billion per year and is calling on capital markets to help bridge this shortfall. Speaking at the recent African Development…
Nigeria Seeks $25 Billion Investment for Undersea Gas Pipeline to Europe The Federal Government of Nigeria is seeking $25 billion in investment for the ambitious Nigeria-Morocco undersea gas pipeline, aimed at delivering Nigerian gas to Europe via the West African coast. The proposal was presented during a meeting between Vice President Kashim Shettima and top…
Shell Loads First Crude Shipment from Nigeria’s Otakikpo Terminal Shell has officially lifted the inaugural crude oil cargo from the newly built Otakikpo onshore terminal in Nigeria, signalling the commencement of exports from the $400 million facility developed by marginal field operator Green Energy International, according to a report by Argus on Monday. Situated within…
Nigeria’s Energy Future and Investment in Focus as NAEC Announces 2025 Confab The Nigerian Association of Energy Correspondents (NAEC) has scheduled its 2025 annual conference for October 9, with the theme: “Nigeria’s Energy Future: Exploring Opportunities, Addressing Risks for Sustainable Growth.” The event will be held at the Eko Hotel & Suites in Lagos. In…
Minister Ekpo Urges Gas Producers to Boost Output by 1 BCF Annually Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called on Nigeria’s leading gas-producing companies to ramp up production by at least one billion standard cubic feet (BCF) per year from 2025 through 2030. This push aims to support the country’s…
NEITI Launches Energy Transition Framework, Applauds NUPRC’s Licensing Efforts The Nigeria Extractive Industries Transparency Initiative (NEITI) has introduced a new Energy Transition and Climate Accountability Framework, while also commending the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its progress in recent licensing rounds. In a statement released on Sunday, NEITI praised the NUPRC for…
Africa Energy Bank to Boost Funding Access for Indigenous Oil Firms – NCDMB The Nigerian Content Development and Monitoring Board (NCDMB) has said the upcoming Africa Energy Bank (AEB) will significantly expand funding opportunities for indigenous oil and gas companies amid a rapidly evolving global energy landscape. Speaking at the 2025 Nigerian Oil and Gas…
NIQS Calls for Transparency and Accountability in Oil, Gas Sector The Nigerian Institute of Quantity Surveyors (NIQS) has reiterated the vital role of quantity surveyors in promoting transparency and accountability within the oil and gas industry. Speaking at the 33rd Engineering Workshop held in Lagos, the Chairman of the NIQS Lagos Chapter, Rilwan Balogun, emphasized…
